[Federal Register Volume 59, Number 84 (Tuesday, May 3, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-10494]


[[Page Unknown]]

[Federal Register: May 3, 1994]


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FEDERAL MARITIME COMMISSION
 

Consolidated Equity Corporation, et al.; Formations of, 
Acquisitions by, and Mergers of Bank Holding Companies; and 
Acquisitions of Nonbanking Companies

    The companies listed in this notice have applied under Sec.  225.14 
of the Board's Regulation Y (12 CFR 225.14) for the Board's approval 
under section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to 
become a bank holding company or to acquire voting securities of a bank 
or bank holding company. The listed companies have also applied under 
Sec.  225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) for the 
Board's approval under section 4(c)(8) of the Bank Holding Company Act 
(12 U.S.C. 1843(c)(8)) and Sec.  225.21(a) of Regulation Y (12 CFR 
225.21(a)) to acquire or control voting securities or assets of a 
company engaged in a nonbanking activity that is listed in Sec.  225.25 
of Regulation Y as closely related to banking and permissible for bank 
holding companies, or to engage in such an activity. Unless otherwise 
noted, these activities will be conducted throughout the United States.
    The applications are available for immediate inspection at the 
Federal Reserve Bank indicated. Once the application has been accepted 
for processing, it will also be available for inspection at the offices 
of the Board of Governors. Interested persons may express their views 
in writing on the question whether consummation of the proposal can 
``reasonably be expected to produce benefits to the public, such as 
greater convenience, increased competition, or gains in efficiency, 
that outweigh possible adverse effects, such as undue concentration of 
resources, decreased or unfair competition, conflicts of interests, or 
unsound banking practices.'' Any request for a hearing on this question 
must be accompanied by a statement of the reasons a written 
presentation would not suffice in lieu of a hearing, identifying 
specifically any questions of fact that are in dispute, summarizing the 
evidence that would be presented at a hearing, and indicating how the 
party commenting would be aggrieved by approval of the proposal.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than May 27, 1994.
    A. Federal Reserve Bank of Kansas City (Stephen McBride, Assistant 
Vice President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Consolidated Equity Corporation, Purcell, Oklahoma; to become a 
bank holding company by acquiring 100 percent of the voting shares of 
American Interstate Bancshares, Inc., Woodward, Oklahoma, and thereby 
indirectly acquire 85.89 percent of the voting shares of American 
National Bank, Woodward, Oklahoma, and 98.27 percent of the voting 
shares of First American Bank and Trust Company, Purcell, Oklahoma. 
Applicant also proposes to retain mortgage and other notes receivable 
pursuant to Sec.  225.25(b)(1) of the Board's Regulation Y.
    B. Federal Reserve Bank of San Francisco (Kenneth R. Binning, 
Director, Bank Holding Company) 101 Market Street, San Francisco, 
California 94105:
    1. BankAmerica Corporation, San Francisco, California; to acquire 
100 percent of the voting shares of Continental Bank Corporation, 
Chicago, Illinois, and thereby indirectly acquire Continental Bank, 
N.A., Chicago, Illinois.
    In connection with this application, Applicant has also applied to 
acquire Continental Illinois Energy Devlopment Corporation, and thereby 
engage in commercial lending pursuant to Sec.  225.25(b)(1) of the 
Board's Regulation Y; Continental Illinois Trust Company of Florida, 
N.A., Sarasota, Florida, and thereby engage in limited purpose national 
bank performing trust company functions pursuant to Sec.  225.25(b)(3) 
of the Board's Regulation Y; Continental Equity Capital Corporation, 
Chicago, Illinois, and thereby engage in commercial financing pursuant 
to Sec.  225.25(b)(1) of the Board's Regulation Y; Repechage Partners 
Ltd., Chicago, Illinois, and thereby engage in asset management, 
servicing and collection for third parties pursuant to Board Order 
effective July 26, 1993 (79 Federal Reserve Bulletin 888 (September 
1993); and acquire Continental Illinois Commercial Corporation, 
Chicago, Illinois, and thereby engage in making, acquiring and 
servicing for its own account or for the account of others secured and 
unsecured loans and other extensions of credit pursuant to Sec.  
225.25(b)(1) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, April 25, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-10494 Filed 5-2-94; 8:45 am]
BILLING CODE 6210-01-F